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Commodities
Spot Uranium Books Another Advance - Part II
FNArena News - June 16 2009

By Rudi Filapek-Vandyck

In addition to our story published earlier today (see "Spot Uranium Books Another Advance") FNArena can report that TradeTech's fellow-industry consultant Ux Consulting has lifted its own weekly price indicator for the uranium industry by US$3 to US$53/lb. UxC's long term price indicator remains at US$65/lb which is equal to TradeTech's similar price benchmark.

The difference between the price setting appears to be the result of one extra transaction recorded with both consultants reporting prices of deals concluded in the week past appeared to represent consecutive higher prices. UxC recorded five spot transactions for the week (ending on Monday) totaling about 1.6 million pounds U3O8 equivalent, bringing the monthly total thus far to 2.1 million pounds U3O8 equivalent under eleven deals.

FNArena reported earlier today TradeTech had raised its own weekly price benchmark for spot uranium by US$2 to US$52, while leaving its longer term price benchmark at US$65/lb.

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